I posted a similar chart 3 weeks ago: tradingview.com/v/LFbOjyvX/ but that chart is buried down below my recent charts, so I figured I'd just post a new chart now. The 103.7X/8X region was previously support and might turn resistance now, it'll also be the first time that we're testing this region as well.
I'm still holding one long entry from 101.35 based on this chart: tradingview.com/v/WAjADwpZ/. I will be looking to exit my long and enter a short when price hits the 103.7X/8X region. Price managed to hit 103.4X today and has since retraced back down to 103, which seems to be holding as support for now. Hopefully with enough bull power, price will test the 103.7X/8X region to allow for possible short entries.
Given the previous support region of 103.8X up to 104.2X, I'd set my SL above 104.3X (~50 pips).
Targets depend on how markets react, do we range or do we continue trending down?
Ranging markets would set the TP at the low to mid 101.XX region.
Trending markets would set the TP below the 100.8X level.
I'm still holding one long entry from 101.35 based on this chart: tradingview.com/v/WAjADwpZ/. I will be looking to exit my long and enter a short when price hits the 103.7X/8X region. Price managed to hit 103.4X today and has since retraced back down to 103, which seems to be holding as support for now. Hopefully with enough bull power, price will test the 103.7X/8X region to allow for possible short entries.
Given the previous support region of 103.8X up to 104.2X, I'd set my SL above 104.3X (~50 pips).
Targets depend on how markets react, do we range or do we continue trending down?
Ranging markets would set the TP at the low to mid 101.XX region.
Trending markets would set the TP below the 100.8X level.
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。